Its sunday night and BTC is correcting from some weekend warm ups, the bears are running around fuddling 46 / 39K, little did they know what happens if we fill that gap tomorrow... Green light tomorrow if we have a slightly bearish DXY, green US500 and stable Euro. The next pump is imminent, dont follow the fud. See chart for targets and support / resistance...
KUSAMA KSM, the official test net of Polkadot is one of the most fundamentally strong projects in crypto. (research why yourself) With the launch of their parachains and full testnet we basically see a roll out of Polkadot v1.0 with numerous clients and partners. Although it is a testnet; it does offer the full Polkadot feature set and is the first one to launch...
Update on my previous VET update from March 13; the start of the parabola. BTC DUMP During BTC's dump VET consolidated but stayed well within its bullish megaphone. Currently its breaking out of a huge triangle and W pattern and will fly off; check chart for targets. VET PARABOLIC RUN I am super bullish on VET and it is one of the best risk / reward alts than go...
After a year of phenomenal growth of stocks, commodities and assets we have made it to the crossroads. We will see more growth or is it time for a (temporary) cool off period and will major investors bring their money to a safer place? The opposite is true for the DXY, is it time for a bullish DXY for the short, mid term or was is this the last glow of the...
The dollar index shows how strong the dollar is compared to other currencies in the world. When the DXY goes up, stocks, commodities and crypto go down and vice versa - this is simply because the dollar outperforms assets. The DXY has been bearish for a long while which created inflated prices for assets and thus bull markets but now the tables have turned. We...
BTC EMERGENCY UPDATE: BTC was on its way to the low 50s untill a certain guy called Elon Musk tweeted you can buy Tesla's with BTC ; starting today. More importantly, the bitcoin that they will get from selling cars will be stored in their treasury and will NOT be converted into fiat! This means the ABC correction is now completed and we are about to breakout of a...
To understand if the BTC pump is holding we look at the S&P500 which is also looking bullish! Check the chart for the M and W patterns and targets + check the chart linked below for BTC targets. IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
BNB UPDATE - like I said in my last BNB post; time is on our side... Well that time is soon to come! I love big bull flag triangles. Just wow. I expect a big breakout this week on BNB - wait for confirmation and volume! However this will only happen if BTC find a bottom and BNB stays above the green support line. Breaking that support line is super bearish but I...
BTC & EURO are very correlated because if the EUR goes up the USD goes down and consequently BTC goes up. This week I expect more losses for the EUR and BTC because of the parabolic moves of US10Y notes. (bonds) The fed has an announcement today and I dont know what they will announce but I bet they do everything to protect their dollar. In my chart you can...
ADA EMERGENCY UPDATE!! I have seen a lot of FUD because of ADA's flash crash; double tops, going back to 1$, ADA is like DOGE or XRP. No, no, no, no, no, no and no! All wrong! I bet you are looking at ADA after the crash and are like: WTF?! Read this and calm down! FLASH CRASH / LONG SQUEEZE Since everyone was dropping mad LONGS on ADA just like I told you in...
DOT breakout; easy LONG, keep an eye on the resistance box, if we turn it into support we'll set a new ATH. Fundamental: Go Polkadot, one of the best projects in crypto! That's it. IMPORTANT: this is not financial advice, invest or trade at your own risk.
S&P500 and BTC are very correlated, especially for dumps. So to know when BTC dumps, we need to know if and when the S&P 500 is going to have a correction. Let me know your thoughts on the S&P 500, the increasing yields (see linked chart below) and Bitcoin!
BNB has seen a huge surge in the last month. It was so huge it caught me off guard. Since we overshot a lot, we do see a extended correction / accumulation period; weak hands are almost shook out and we can resume the bull run. Binance / BNB has such great fundamentals that you cant afford not have BNB in your portfolio. (research yourself why) NOTES: Time is on...
US10Y is going parabolic. Inflation is coming but immediate short term; strong dollar. Will yields outperform inflation? Nope, I have no evidence for that. I bet you know my inflation hedge. Thats it. This is not investment advice, do your own research, trade or invest at your own risk.
BTC UPDATE: bitcoin breaking out of its triangle and breaking the neckline of its inverse h&s! Right now finding beautiful support on multiple fib levels, breakout is not confirmed yet but if we get volume today and good sentiment we could surge towards high 50s the coming days! (see purple lines for possible targets) BULLISH: if we stay above 55900 i am...
BTC & EUR CORRECTION: The Dollar and Bitcoin are pegged in a negative way; when USD goes up, BTC goes down and vice versa. Currently the dollar is having a small breakout to the upside; and thus the EUR and BTC are correcting. At this very moment many people believe the BTC correction is over, I do not think so. Another bad factor for crypto is a new pump for...
UPDATE: on my previous ADA trade, we broke out of a huge triangle, IF (!) this breakout is confirmed with a proper bounce from 1,06$ on wards we can see a huge pump. Wait for a 4hr close above 1,06$, ADA is currently battling resistance. US Stimulus checks are coming tomorrow, this might be whale purchases that anticipate for a breakout tomorrow? ADA is one of...
BTC found its top? BTC is printing lower highs and lower lows on the 4hr time frame and even shows something like a double top on the hourly and 15 min. I have also noted that BTC could (potentially!) form an head and shoulders pattern which would be a bearish sign, but thats not guaranteed though. This sceneraio could be the same for the BTC domiance chart. (see...